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Reply to ""Take your spouse to a nice holiday dinner and expense it""
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[quote=Anonymous][quote=Anonymous]I’m ts not illegal but it’s taxable income to you so unless the company is cheating on taxes it will be reported as income to you. So if you spend $500 and have a 30% marginal rate, you’ll have to pay another $150 in taxes so you’re really only getting $350.[/quote] Why would it be taxable income? I don’t pay taxes on the holiday party my employer throws. If this is a substitute why would it be income?[/quote]
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